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ThornTree Capital Partners Portfolio holdings
AUM
$564M
1-Year Est. Return
36.37%
This Fund
S&P 500
This Quarter
Est. Return
+3.18%
1 Year Est. Return
+36.37%
3 Year Est. Return
+206.07%
5 Year Est. Return
+135.57%
10 Year Est. Return
–
AUM
$776M
AUM Growth
-$25.2M
(-3.1%)
Cap. Flow
-$13.3M
Cap. Flow
% of AUM
-1.72%
Top 10 Holdings %
Top 10 Hldgs %
56.78%
Holding
39
New
14
Increased
4
Reduced
13
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Affirm
AFRM
|
+$73.7M |
| 2 |
DISH
DISH Network Corp.
DISH
|
+$19.7M |
| 3 |
AGGRU
Agile Growth Corp Units
AGGRU
|
+$14.9M |
| 4 |
SPLK
Splunk Inc
SPLK
|
+$13.4M |
| 5 |
XM
Qualtrics International Inc. Class A Common Stock
XM
|
+$11.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$26.4M |
| 2 |
NBIS
Nebius Group N.V.
NBIS
|
+$25.6M |
| 3 |
FIVE9
FIVN
|
+$24.2M |
| 4 |
Zillow
Z
|
+$21.9M |
| 5 |
Floor & Decor
FND
|
+$19.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.29% |
| 2 | Consumer Discretionary | 20.69% |
| 3 | Communication Services | 20.36% |
| 4 | Financials | 15.19% |
| 5 | Industrials | 3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Palantir
PLTR
$375B
| $9.28M | 1.2% |
+398,481
| New | +$10.9M |
|
27
GoodRx Holdings
GDRX
$1.27B
| $8.89M | 1.15% |
+227,936
| New | +$10.3M |
|
28
ACV Auctions
ACVA
$1.3B
| $8.65M | 1.12% |
+250,000
| New | +$8M |
|
29
Unity
U
$17.8B
| $6.23M | 0.8% |
+62,129
| New | +$7.65M |
|
|
OLO
30
DELISTED
Olo Inc
OLO
| $3.46M | 0.45% |
+131,110
| New | +$3.94M |
|
31
Coursera
COUR
$1.57B
| $900K | 0.12% |
+20,000
| New | +$900K |
|
|
AHT
32
Ashford Hospitality Trust
AHT
$20.7M
| – | – |
-23,793
| Closed | -$6.16M |
|
|
CMRC
33
Commerce.com Inc Series 1
CMRC
$184M
| – | – |
-161,889
| Closed | -$10.4M |
|
|
34
Booking.com
BKNG
$156B
| – | – |
-296,475
| Closed | -$26.4M |
|
|
35
FIVE9
FIVN
$2.22B
| – | – |
-138,802
| Closed | -$24.2M |
|
|
36
Floor & Decor
FND
$6.4B
| – | – |
-213,338
| Closed | -$19.8M |
|
37
Peloton Interactive
PTON
$2.38B
| – | – |
-64,346
| Closed | -$9.76M |
|
38
CALL
PayPal
PYPL
$50.4B
| – | – |
-150,000
| Closed | -$35.1M |
|
|
NBIS
39
Nebius Group N.V.
NBIS
$50B
| – | – |
-367,339
| Closed | -$25.6M |
|
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ThornTree Capital Partners's Q1 2021 Portfolio in Review
As of Q1 2021, ThornTree Capital Partners held 39 positions worth $776M, down 3.1% from $801M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
ThornTree Capital Partners's Q1 2021 filing shows 14 new, 4 increased, 13 reduced and 8 closed positions. Its largest new stake was Affirm: 758,058 shares worth $53.6M. The largest sale was Booking.com, an estimated $26.4M.
By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 30% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- ThornTree Capital Partners's largest Q1 2021 buy was Affirm: 758,058 shares worth $53.6M.
- ThornTree Capital Partners added most to Smartsheet Inc. in Q1 2021, an estimated $8.88M increase.
- ThornTree Capital Partners's biggest Q1 2021 reduction was Zillow, cutting an estimated $21.9M.
- ThornTree Capital Partners fully exited Booking.com in Q1 2021, selling an estimated $26.4M.
- ThornTree Capital Partners's ten largest holdings make up 57% of its $776M portfolio in Q1 2021.
- ThornTree Capital Partners opened 14 new positions and closed 8 in Q1 2021.
- ThornTree Capital Partners's portfolio value fell 3.1% quarter-over-quarter to $776M.
Based on ThornTree Capital Partners's 13F filing for Q1 2021, filed 17 May 2021.